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The record royalty for a producer is usually between 3% to 4% of the record's sales price or 20% to 25% of the artist's royalties. On a CD that sells for $10.98, the producer's royalty would be about 33 cents for each copy sold and for a digital download of an album priced at $9.98 the producer receives 30 cents.
Per IFPI, a record label will typically invest anywhere from $500,000 to $2,000,000 in a newly signed artist. That's a wide spread to be sure, and a large amount of money from the perspective of most. Here's the basic breakdown of how these funds are allocated: Advance: $50,000 to $350,000.
To help you get started, take a look at a few basic components to include in your contract so you can better protect your art business.Client Info.Project Info and Terms.Project Timeline.Costs and Payment Terms.Itemization.Artist's Rights.Cancellation Terms.Acceptance of Agreement.
There are 6 basic types of agreements that songwriters sign with a music publisher. They are the Individual Song Agreement, the Exclusive Songwriter's Agreement, the Co-Publishing Agreement, the Participation Agreement, the Administration Agreement and the Foreign Sub-Publishing Agreement.
A Music Recording Contract should include the following:Recording company details (name, contact info)Artist details (group name, names of each artist, contact info)Production details, e.g. studio address, recording session dates, control over song selections on the recording, and control over album title.More items...